SPDR Gold MiniShares Trust (NYSEARCA:GLDM) Sets New 1-Year High – Here’s What Happened

SPDR Gold MiniShares Trust (NYSEARCA:GLDM)’s share price reached a new 52-week high on Monday . The company traded as high as $85.49 and last traded at $85.23, with a volume of 212148 shares traded. The stock had previously closed at $83.70.

SPDR Gold MiniShares Trust Stock Performance

The company has a 50 day moving average of $73.47 and a two-hundred day moving average of $68.32.

Hedge Funds Weigh In On SPDR Gold MiniShares Trust

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC purchased a new position in shares of SPDR Gold MiniShares Trust in the 1st quarter valued at approximately $29,000. Envestnet Portfolio Solutions Inc. increased its stake in SPDR Gold MiniShares Trust by 10.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 10,013 shares of the company’s stock valued at $620,000 after purchasing an additional 919 shares in the last quarter. Valmark Advisers Inc. increased its stake in SPDR Gold MiniShares Trust by 24.5% during the 1st quarter. Valmark Advisers Inc. now owns 23,649 shares of the company’s stock valued at $1,464,000 after purchasing an additional 4,654 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of SPDR Gold MiniShares Trust by 7.0% in the first quarter. Asset Management One Co. Ltd. now owns 4,004,390 shares of the company’s stock worth $247,832,000 after buying an additional 261,613 shares during the last quarter. Finally, Clearview Wealth Advisors LLC acquired a new stake in shares of SPDR Gold MiniShares Trust during the first quarter worth $592,000.

About SPDR Gold MiniShares Trust

The SPDR Gold MiniShares Trust (GLDM) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund tracks the gold spot price, less expenses and liabilities, using gold bars held in London vaults. GLDM was launched on Jun 25, 2018 and is issued by State Street.